SPG counsel receives restricted stock award
SIMON PROPERTY GROUP INC. assistant general counsel Kevin M. Kelly reported compensation-related stock activity in the company’s common stock.
Rhea-AI Filing Summary
SIMON PROPERTY GROUP INC. assistant general counsel Kevin M. Kelly reported compensation-related stock activity in the company’s common stock. He received an award of 1,361 shares of restricted stock under the Simon Property Group, L.P. 2019 Stock Incentive Plan, which are subject to forfeiture if vesting requirements are not met.
To satisfy related tax withholding obligations upon vesting, 478 shares were withheld at $186.53 per share, a non-market disposition rather than an open-market sale. After these transactions, he directly holds 22,731 shares of common stock and indirectly holds 104 shares through a 401(k) plan, which includes 2 shares acquired via the issuer’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kelly Kevin M
Role
ASST. GENERAL COUNSEL/SEC.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,361 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 478 | $186.53 | $89K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,731 shares (Direct);
Common Stock — 104 shares (Indirect, 401 (K) Plan)
Footnotes (3)
- F1. Award of restricted stock under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan. The restricted stock included within such award is subject to forfeiture unless recipient satisfies vesting requirements.
- F2. Represents tax withholding obligations in connection with the vesting of restricted stock.
- F3. Includes 2 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026.
Key Figures
Restricted stock award: 1,361 shares
Shares withheld for taxes: 478 shares
Tax withholding price: $186.53 per share
+3 more
6 metrics
Restricted stock award
1,361 shares
Common Stock granted as restricted stock on April 1, 2026
Shares withheld for taxes
478 shares
Tax withholding on vesting of restricted stock at $186.53 per share
Tax withholding price
$186.53 per share
Value used for 478-share tax-withholding disposition
Direct holdings after transactions
22,731 shares
Total directly owned common stock following transactions
Indirect 401(k) holdings
104 shares
Common stock held indirectly through a 401(k) Plan
Dividend reinvestment addition
2 shares
Shares acquired via dividend reinvestment since prior Form 4
Key Terms
restricted stock, stock incentive program, 2019 Stock Incentive Plan, tax withholding obligations, +2 more
6 terms
restricted stock financial
"Award of restricted stock under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
stock incentive program financial
"Award of restricted stock under a stock incentive program established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan."
2019 Stock Incentive Plan financial
"established pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan."
tax withholding obligations financial
"Represents tax withholding obligations in connection with the vesting of restricted stock."
dividend reinvestment plan financial
"Includes 2 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on March 4, 2026."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
401 (K) Plan financial
"nature_of_ownership: "401 (K) Plan""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SPG executive Kevin M. Kelly report on this Form 4?
Kevin M. Kelly reported receiving 1,361 shares of restricted common stock as a compensation award and having 478 shares withheld at $186.53 per share to cover tax obligations tied to vesting.
Was the SPG Form 4 transaction an open-market buy or sell by Kevin M. Kelly?
The Form 4 shows a restricted stock award and tax withholding, not open-market trading. Shares were granted as compensation, and 478 shares were withheld to satisfy tax obligations linked to the vesting event.
What is the nature of the restricted stock granted to SPG’s Kevin M. Kelly?
The 1,361 restricted shares were granted under the Simon Property Group, L.P. 2019 Stock Incentive Plan and are subject to forfeiture unless Kelly satisfies the plan’s vesting requirements described in the award terms.
What does the 401(k) Plan holding represent in Kevin M. Kelly’s SPG ownership?
The 401(k) Plan entry reflects 104 indirectly held shares of Simon Property Group common stock in a retirement account, including 2 shares acquired through the issuer’s dividend reinvestment plan since a prior Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
